Headlam Group (LON:HEAD) Reaches New 1-Year Low – Here’s Why

Headlam Group plc (LON:HEAD) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 46.60 and last traded at GBX 46.70, with a volume of 125843 shares changing hands. The stock had previously closed at GBX 48.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt cut their price target on shares of Headlam Group from GBX 150 to GBX 100 and set a “hold” rating on the stock in a research report on Wednesday, November 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Headlam Group has an average rating of “Hold” and a consensus target price of GBX 100.

Headlam Group Price Performance

The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29. The stock has a market capitalization of £37.48 million, a price-to-earnings ratio of -0.82 and a beta of 1.42. The company has a fifty day simple moving average of GBX 51.97 and a two-hundred day simple moving average of GBX 66.83.

About Headlam Group

Headlam is the UK’s leading floorcovering distributor. Operating for over 30 years, the Company has expanded to a network of c. 2,030 people, 17 distribution branches, and 76 trade counters.

The Company works with suppliers across the globe manufacturing the broadest range of products, and gives them a highly effective route to market, selling their products to the large and diverse trade customer base.

The Company has an extensive customer base spanning independent and multiple retailers, small and large contractors, and house builders.